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National Australia Bank is the latest in a string of Australian banks to prove that the locals have handled the credit crisis far better than their overseas counterparts, with a cash profit that rose 8% to $2.24bn. Behind this figure, though, there was both good and bad news.

Let’s start with the good. Although there were additional funding costs of $122m, NAB has dramatically increased lending rates and has passed on the extra costs. Also, included in the overall bad debt provisioning was a $181m charge for exposures to ‘securitisation conduits’ (off-balance...

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Hi, Much has been written about the bank levy but I have seen no numbers on the effect on shareholders, business and home borrowers and depositors. It seems unlikely that the banks can absorb the entire levy. Assuming the effect of the levy is spl...

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